The uses for blockchain technology are endless. This year will see thousands of startups getting on the block bandwagon to launch their own platforms. Some things have already been done, and many will be repeated. Using the blockchain for philanthropic purposes, however, is a step ahead of the rest.

Speaking at the World Economic Forum in Davos billionaire investor George Soros said that he’s found a new way to help migrants using blockchain technology. According to Fortune, he addressed a crowded theatre at the conference saying that blockchain should be put to a positive use.

The investment mogul’s Open Society Foundations is a philanthropic organization dedicated to worldwide democracy. Last year it awarded a $100,000 grant to the Center for Human Rights Science at Carnegie Mellon University.

One way to aid migrants would be to allow them to store any assets in digital form safeguarding them during travelling.

Read the full article about how blockchain can be put to positive use by Martin J. Young at NewsBTC.